Business Overview

Services include Accounting, Bookkeeping, Payroll, and Tax Service. This company would be prefect for a person with the above skills to get started in their own practice with a customer base which would produce an income in the first year. Especially if purchased before the next tax season. It would also be an excellent addition to an existing company providing like services. Approximately 60% of income is from Tax preparation. Mostly long-term repeat customers.

Financial

  • Asking Price: $100,000
  • Cash Flow: $65,000
  • Gross Revenue: $100,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2005

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Home based

Is Support & Training Included:

Owner will assist buyer in the transition

Purpose For Selling:

Moving out of state

Opportunities and Growth:

Advertising and Sales work would bring in new accounts

Additional Info

The company was started in 2005, making the business 17 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people resolve to sell businesses. However, the true factor and the one they say to you may be 2 entirely different things. As an example, they might claim "I have way too many other commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may simply be reasons to try to hide the reality of altering demographics, increased competitors, current decrease in revenues, or a variety of various other reasons. This is why it is extremely crucial that you not count absolutely on a vendor's word, however rather, use the seller's response combined with your total due diligence. This will paint a more realistic picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses take out loans in order to cover items like supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can mean that revenue margins are too small. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that have to be satisfied or might lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area bring in new customers? Often times, companies have repeat consumers, which form the core of their everyday earnings. Certain factors such as new competitors growing up around the area, roadway construction, as well as personnel turnover can affect repeat customers as well as adversely impact future profits. One vital thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the greater the opportunity to build a returning customer base. A last idea is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? How might the local median family earnings effect future earnings prospects?